Salon operating cost
When projecting a budget, what’s the easiest figure to start with?When projecting a budget, what’s the easiest figure to start with?
rent
What does the standard charge for phone installation include?
your name in the white and yellow pages
What will the state board likely request from you?
a salon and spa floor plan.
Taxing authorities may include
city, county, school systems, and college districts.
What is a tentative contract?
a contract stating that if all rules and regulations are passed and permits received you will sign the lease agreement
What does it mean to run “in the red”?
to operate at a loss
What will the local police and fire departments need from you?
the name of the salon and spa owner, where they can be reached, and when the salon and spa is open for business
What kind of insurance provides for payment by the insurance company to the insured for any losses suffered as a result of damage to the insured’s property or person?
indemnity insurance
When selecting a location for your salon and spa, what should you keep in mind?
the location should be convenient to the clientele you wish to serve
All your NNN will be combined and be prorated based on
the percentage of space you rent within the center.
Which of the following is not a scheduling consideration?
whether or not you like the technician
If you furnish your own trash container, who do you need to contact to ensure that it meets all necessary standards?
the board of cosmetology, the fire department and the department of sanitation
What should you do before you consider a roadside sign?
check your city codes to determine if roadside signs are allowed and what restrictions might exist
When choosing a location, what businesses would be helpful near your business?
a grocery store
When would a loss-of-use-of property clause help you?
if your landlord was remodeling and had to tear down one of the walls in your salon
The total cost of wages for a salon and spa includes
all insurance associated with the employee, including unemployment and related employment costs.
Some cities are very restrictive about what size and type of signs may be displayed,
especially in areas designated “historic.”
Licenses and permit requirements may vary depending on
what jurisdiction your salon and spa is in.
What would be a good way to find out information about the area that you are looking to rent space in (like traffic counts, demographics, etc.)?
talk to other business owners in the area
NNN never
go down; they always go up.
A fundamental way to calculate profit is
Profit = Revenue – Expenses
Where is an electrical permit usually obtained?
the city hall zoning office
You may need an additional license if you are going to have ________________ in your salon and spa.
a vending machine
When your landlord acquires insurance for his shopping center as a whole, what can you do to obtain business insurance?
pay a small additional fee to the same insurance agency for business coverage for your salon and spa
If your landlord is remodeling some part of his property and it is negatively affecting your business, what should you do?
ask for a reduction in rent during the remodel and for a few months after until your business has had a chance to build back-up